HOUSTON (Reuters) -
Enterprise Products Partners can start exporting a
minimally processed form of very light crude oil any
time, a spokesman said on Wednesday, after U.S.
officials told the company it does not need a special
license.

Pioneer Natural Resources said it received a similar ruling from the
U.S. Department of Commerce's Bureau of Industry and Security. Other
companies said that means they may now also be able to export
processed condensate.

Enterprise has infrastructure that can export processed condensate
from its massive Houston storage facility and docks in nearby Texas
City and Freeport, spokesman Rick Rainey said. He declined to say
when exports would begin.

The condensate in question has long been run through equipment known
as stabilizers that shave off volatile natural gas liquids and
remove contaminants like hydrogen sulfide in order to meet pipeline
specifications.

Industry executives said the ability to export processed condensate
would lift sagging prices and ease a domestic condensate glut.

"This will change the whole condensate marketing landscape," said
Josh Weber, senior vice president at Howard Energy Partners, a Texas
company building a 10,000 barrels-per-day stabilizer in the Eagle
Ford shale near Corpus Christi.

Most refineries in the U.S. Gulf Coast are built to run heavier
crudes from Canada or Venezuela. Several refiners have added special
units to increase light-crude processing, but most have not.

Consultancy RBN Energy says U.S. condensate production grew to 1
million barrels per day last year from 300,000 barrels per day (bpd)
in 2010, and is projected to rise by another 600,000 bpd in the next
five years.

More than half of that output comes from the Eagle Ford, where crude
production is forecast to reach 1.43 million bpd in April, says the
U.S. Energy Information Administration.

Dozens of stabilizers dot the Eagle Ford. The tall, cylindrical
towers range in size from 500 bpd to an 80,000 bpd tower near
Gardendale, Texas, owned by Plains All American Plains is
expanding that stabilizer to 120,000 bpd.

STABILIZERS VS. SPLITTERS

Stabilizers are simpler and cheaper to build than condensate
splitters, which split the oil into components like naphtha and
distillates that can be freely exported under U.S. laws that
otherwise prohibit crude exports without a license.

Analysts said the Commerce Department's actions may have made
splitters obsolete before they even start up.